PS3 + PS2 = backwards compatibility for PS3

The folks at IGN has a story about a Japanese magazine's report that the PlayStation 3 will have some PlayStation 2 hardware to help with backwards compatibility. This news isn't too suprising to me as this was how it was achieved on the PS2 as well. Once the PS3's software emulation is up to snuff, Sony will pull the PS2 chip to cut costs from the later models.